Niklas Zennström, the founder of Skype and assumed the role of CEO in 2002-2007, received a $ 700,000 investment decision for Cleo named financial technology application.
The momentum of taking advantage of the blessings of technology for the management of financial business, which is spreading at a fast pace in the world, has not yet made the expected explosion. Today we can still see the long queues in front of the banks as the most obvious example of this, but the investments in this sector, which still have not the potential to do, are increasing day by day. Niklas Zennstörm, founder of Skype, is one of those who believe that we will do all of our financial transactions over vehicles like mobile phones and computers in the following years.
London-based FinTech company Cleo, Niklas Zennstörm, and many other names in various sectors, said the company has invested around $ 700,000. What is it that makes Zennstorm, CEO of Atomico, a technology investment company, already investing in Cleo, a London-based company founded just a year ago?
First, Cleo will talk about how Cleo works, and Cleo is a FinTech application that allows users to conduct bank account and credit card transactions and reviews via voice chat or text messaging. With its artificial intelligence technology, the app is designed to make it easier for users to understand complex financial services and also plans to integrate with Facebook, Messenger, Amazon Alexa and Google.
One of the notable points of the investment is that the investment was made by Zennstorm itself, not by the company Atomico. Although Cleo is not very popular yet, he has expressed the hope that Zennstörm de Cleo is hopeful for Britain’s government to encourage investments in the fintech field, and has the potential to fill the gap in fintech.
Following the investment decision, Cleo CEO Barney Hussey-Yeo said, “The next generation of social media is also using advanced applications such as Snapchat, Facebook and Uber, and also wants to use applications for financial transactions that can be easily handled over the internet.”
Barney Hussey-Yeo also pointed out that users with credit cards and bank accounts are not very satisfied with the banks and that they are looking more optimistic about the technology, as users will not have to communicate directly with the banks thanks to the FinTech applications.